Might be worth a look.
Some basic stuff.
Macd Dmi Rsi and williams are bottoming out nicely.
Close yesterday indicates a reversal (note vol)
Todays (low) volume indicates a resistance to go down further. The date stamp on the target line is a time by degrees date that might be interesting to note.
This low is the third higher low after the $1.00 low back in September but on the other two higher lows the indicators were not ready.
One of the rules I use is never sell on the second bottom out from the major low but the indicators were not strong enough to buy either
Now I believe they are.
Risk reward ratio 2.87:1 calculated to the first resistance point above ie 1.34. The next would be 1.50
Are the company and economy conditions suitable for gold to rise?
Lets hope.
